#Corporate bank account opening in Oman

[businessmovesworld]

[unityinfotech]

The UAE to leverage immediate payments

UAE is gearing up for Immediate Payments as per the latest initiatives of the Central Bank!

The Central Bank has introduced Immediate Payment Instruction (IPI), which will enable domestic fund transfers in the UAE to be settled in real-time. With many national banks already living with IPI systems and many others in the development phase, immediate payments will be the easiest & fastest way for wire transfers.

Instant, on-the-go services have become part of their daily lives life for consumers around the globe. It is now possible to perform a whole host of activities, from booking a cab to ordering a meal, anywhere and at any time with just a few clicks. The financial services sector had struggled hard to keep up with this trend, specifically in the area of payments, but is getting drastically changed.

Real-time /immediate payments – 24/7/365 electronic payments that are cleared by banks immediately or within minutes are gaining traction globally. With real-time payments, the beneficiary’s account is credited immediately and the payer is instantly notified about the status. These developments have opened up exciting new value-creation opportunities for banks and financial institutions.

Instant payments in less than 3 minutes!

Once all banks in the UAE go live with Immediate Payments Instruction (IPI), customers can initiate domestic fund transfers within UAE in less than 3 minutes for any amount within the limit of AED 10,000, further ensuring that credit hits the beneficiary’s account at the same time.

By leveraging instant, data-rich payments, banks can offer new services to retail or corporate customers, which will help them save a significant amount of money compared to traditional fund transfers while providing the flexibility and convenience for instant payments enhancing the customer experience.

Unity Infotech is proud to have become the trusted partner for 24 prestigious financial institutions in the UAE to launch Immediate Payment Instruction (IPI) utilizing Central Bank’s infrastructure. Apart from the IPI system, we provide an array of payment solutions in the Middle East.  Connect with the best Payment Hub Platform Provider In UAE, Qatar, KSA, Oman, Bahrain to know more.

[sassysuitdonut]

The UAE to leverage immediate payments

UAE is gearing up for Immediate Payments as per the latest initiatives of the Central Bank!

The Central Bank has introduced Immediate Payment Instruction (IPI), which will enable domestic fund transfers in the UAE to be settled in real-time. With many national banks already living with IPI systems and many others in the development phase, immediate payments will be the easiest & fastest way for wire transfers.

Instant, on-the-go services have become part of their daily lives life for consumers around the globe. It is now possible to perform a whole host of activities, from booking a cab to ordering a meal, anywhere and at any time with just a few clicks. The financial services sector had struggled hard to keep up with this trend, specifically in the area of payments, but is getting drastically changed.

Real-time /immediate payments – 24/7/365 electronic payments that are cleared by banks immediately or within minutes are gaining traction globally. With real-time payments, the beneficiary’s account is credited immediately and the payer is instantly notified about the status. These developments have opened up exciting new value-creation opportunities for banks and financial institutions.

Instant payments in less than 3 minutes!

Once all banks in the UAE go live with Immediate Payments Instruction (IPI), customers can initiate domestic fund transfers within UAE in less than 3 minutes for any amount within the limit of AED 10,000, further ensuring that credit hits the beneficiary’s account at the same time.

By leveraging instant, data-rich payments, banks can offer new services to retail or corporate customers, which will help them save a significant amount of money compared to traditional fund transfers while providing the flexibility and convenience for instant payments enhancing the customer experience.

Unity Infotech is proud to have become the trusted partner for 24 prestigious financial institutions in the UAE to launch Immediate Payment Instruction (IPI) utilizing Central Bank’s infrastructure. Apart from the IPI system, we provide an array of payment solutions in the Middle East.  Connect with the best Payment Hub Platform Provider In UAE, Qatar, KSA, Oman, Bahrain to know more.

[gryffincapitalist]

Looking for open your Corporate bank account in Oman with reasonable price?

Gryffin Capitalist open bank account for your business with exact match document which is best part to open bank account.

[econcepts]

Scope of Cost Management Accountant course in India and Abroad

Cost Management Accountant (CMA) is a professional certification offered by the Institute of Cost Accountants of India (ICAI). The course equips students with skills and knowledge in cost accounting, financial planning, analysis, and control, making them capable of handling financial and management roles in various sectors. The CMA course has significant scope both in India and abroad.

In India, the CMA certification is highly valued by employers and offers excellent job opportunities. The course is designed to meet the needs of the modern business environment, which requires professionals who can handle financial planning and control, cost management, and strategic decision-making. The CMA course curriculum includes subjects such as cost accounting, financial accounting, management accounting, taxation, corporate laws, and ethics, which provide a comprehensive understanding of the business world.

The scope of the CMA course in India is vast and varied, with opportunities available in both the private and public sectors. The CMA certification opens doors to several job roles such as Cost Accountant, Finance Manager, Budget Analyst, Internal Auditor, Financial Analyst, and many others. The demand for CMAs is particularly high in sectors such as manufacturing, infrastructure, and service industries.

The manufacturing sector, which is one of the largest sectors in India, offers a significant number of job opportunities for CMAs. CMAs are involved in cost accounting, inventory management, product pricing, and production planning, making them valuable assets to manufacturing companies.

Infrastructure projects such as construction, power generation, and transportation require professionals who can handle project planning, cost management, and financial control. CMAs can contribute to these projects by providing financial expertise, cost analysis, and management support.

The service industry, which includes banking, insurance, healthcare, and IT, also offers significant opportunities for CMAs. The CMA certification equips professionals with the skills and knowledge required to handle financial planning, analysis, and control in these sectors.

Apart from India, the CMA certification also has significant scope abroad. The course is recognized globally and is offered by various institutes in countries such as the USA, Canada, Australia, and the Middle East. The CMA certification opens doors to several job opportunities abroad, particularly in the areas of cost accounting, management accounting, and financial planning and analysis.

In the USA, the Institute of Management Accountants (IMA) offers the CMA certification. The CMA certification is highly valued in the US, where it is considered equivalent to the Certified Public Accountant (CPA) certification. CMAs in the USA work in various sectors such as manufacturing, healthcare, finance, and technology, and are involved in cost management, financial planning, and analysis.

In Canada, the CMA certification is offered by the Society of Management Accountants of Canada (CMA Canada). The CMA certification is recognized across Canada and is highly valued by employers. CMAs in Canada work in various sectors such as manufacturing, financial services, and government, and are involved in cost management, financial analysis, and strategic planning.

In Australia, the CMA certification is offered by the Institute of Certified Management Accountants (ICMA). The CMA certification is recognized across Australia and is highly valued by employers. CMAs in Australia work in various sectors such as banking, healthcare, and manufacturing and are involved in cost management, financial analysis, and strategic planning.

In the Middle East, the CMA certification is recognized by several countries, including the UAE, Saudi Arabia, Bahrain, and Oman. The CMA certification is highly valued in the Middle East and opens doors to several job opportunities in various sectors such as banking, construction, and healthcare.

In conclusion, the CMA course offers excellent career prospects both in India and abroad. The course equips professionals with skills and knowledge required to handle financial planning, analysis, and control, making them valuable assets.

E-Concepts provides the best CMA coaching in Delhi, India. Our team of experts has expertise in their own subjects. Enhance your professional knowledge with the E-Concepts expert team. If you are also curious to know about the course details then contact us.

If you are also curious to know about the course details then visit our official website.

[openyouronshore]

Open your onshore W.L.L company in Bahrain

Whizz Consultancy W.L.L company can open a W.L.L company in bahrain to serve Gulf Cooperation Council (GCC) and international countries as well. This includes providing investor visa, opening bank account in bahrain, obtaining residency in bahrain, and zero corporate tax. Also, we can manage your company for you. GCC, is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Website: https://whizzbh.com

Address: London, UK

Contact Number: 0097366929265

Contact Email Id: Info@whizzbh.com

[followtrendings]

How NRIs can make UPI payments living abroad

Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates, and the UK are the ten countries that will support UPI payments. So if you are an Indian living outside of India, you can now make payments via UPI hassle-free with your international number. That means you won’t need your old Indian number to make transactions. It is a news that will bring smiles to Non-Resident Indians because now they can send money back to India to their family and make merchant payments conveniently through UPI. Unified Payments Interface (UPI) is a “Made In India” payment solution and is also one of the largest payment networks in the world. UPI is spreading its roots now and currently, it is made limited to just 10 countries but it is surely just the beginning. You must have a lot of questions going on in your mind like who is eligible to avail of this facility, how will it work, how to make UPI payments and when will this facility be open. We have answered all your queries so read through.

How will this work?

The current scenario is that to make payments through UPI, one needs to have a UPI ID which needs to be activated through apps like GooglePay, Paytm, PhonePe, AmazonPay, etc.  To activate a UPI Id one also needs to have an Indian number that is currently active as well as should be in the phone. This is where NRIs have headaches. The cost of keeping Indian numbers active by international roaming is way too expensive. That’s why people often get a new local number and open a new local bank account rather than paying costly roaming fees. The National Payments Corporation of India (NPCI), the organization in charge of managing India's retail payment and settlement systems, regulated a circular instructing members of the UPI to enable non-resident account types, such as non-resident external (NRE) and non-resident ordinary (NRO) accounts with international mobile numbers, to sign up and conduct UPI transactions. Now the NPCI has announced that NRIs won’t need to have an Indian mobile number to make UPI payments and transactions. It will be possible with an international number. It is all because of the demand from the users. The demand and requests were so high that eventually, UPI is coming to different countries. The member banks will only be required to ensure that the UPI account is permitted in accordance with "the extant Foreign Exchange Management Act (FEMA) regulations and adherence to the guidelines/instructions issued by the concerned regulatory departments of Reserve Bank of India from time to time" in order to enable this facility. These bank accounts must also pass the required Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CT) checks and compliance validations/account level validations as per the extent. Also Read: View Counts Feature Added To Twitter | View Counts Can Be Seen Next To Tweets

Who are eligible to avail this facility?

First, you must be residing in any of the above-mentioned 10 countries. If you are not living there then sorry for now it is only applicable in those countries. Maybe in the future, you might be able to use UPI. Second, to use this option, NRIs must have an NRE or NRO account. An NRO account is a bank account registered in India in the name of an NRI to manage the money produced by him or her in India, whereas an NRE account is a bank account opened in India in the name of an NRI to park his overseas profits and earnings. And third is to add your international phone number to your NRE/NRO bank account.

When is this facility going to start?

The UPI facility for the NRI will start soon. The official date has not been revealed yet but all the member banks of the NPCI have been given a due date of April 30 to onboard all the non-resident account types in India for UPI payments.

How to make UPI payments abroad?

Let's summarize, first, you need to be living in Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the USA, Saudi Arabia, United Arab Emirates, or the United Kingdom. Second, must have either NRO or NRE bank account in India. Third, link your international mobile number to your NRE/NRO bank account.  Fourth, just install any UPI-supporting payment app like Google Pay, or Paytm, log in through your international mobile number and you are good to go. You can just use like you normally do. Also Read: Depressing explanations from astronauts as to why there hasn’t been a moon landing mission in 50 years after Apollo

FAQs

Can NRI account use UPI?Yes, if you are an NRI from Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, United Arab Emirates, and the UK.How to use UPI from my international number?You need to add your current international number to your NRE or NRO bank account. Then when in India, you can use an Indian mobile number, and when abroad you can use your international number.Can I use UPI in my international i.e local bank account?No. You cannot use UPI in a local bank account. You must have a bank account in India and the bank account must be NRE or NRO type. Normal bank accounts won’t work.How to know if my account is NRE or NRO?The answer is simple. Contact your bank. If your account is not NRO or NRE then simply ask your bank to make it so. You will need to fill in some forms and write applications and your account will be NRE/NRO online.How to make UPI payments through GooglePAy abroad?Be it google Pay, Paytm, or any other UPI-supporting app, you will need to log in with your international mobile number, add your bank account, and there you go you can make UPI payments and transactions. But note that your international number must be linked with your NRE/NRO bank account. Read the full article

[candfglobal]

Dubai Residence Visa & Investor Visa

Suppose you are planning on a visit to Dubai, either for holidays or work, it is a requirement that you have in possession a valid visa. Moreover, the steps towards acquiring a visa vary depending on an individual's Nationality. Generally, it is easy to have your visa processed, since it takes 72 hours for a normal application, and for urgent cases, it can be done in one day. The process is hassle free, provided you have all documents required.

To start, members of the following Nationalities should have no problems getting visas to Dubai, since they can easily be granted one on arrival at Dubai Airport. The Nationalities are as follows: GCC Nationals who are composed of Oman, Bahrain, Saudi Arabia, and Kuwait. The others include; Germany, France, Luxembourg, Italy, Norway, Finland, Switzerland, Ireland, Portugal, Belgium, Greece, Liechtenstein, Spain, Iceland, San Marino, Vatican City, and Andorra. Lastly, there is the USA, UK, Canada, Australia, New Zealand, Malaysia, Brunei, Japan, and Hong Kong. However, you must ensure you check for updates, since the list of countries is updated by the Dubai government. It would be wise to establish contact with the Dubai government website.

Other ways of getting a visit Visa to Dubai include the following: You may opt to fly with Emirates Airlines. Visitors flying Emirates Airlines are eligible to send visa applications to the Dubai Visa Processing Centers (DVPC). However, this is limited to some countries. For more information on this, contact your nearest Emirates office. It is also possible to be granted a visa if you are traveling during a major festival period. The restrictions in place at such times are loosened a bit. Such festival periods include the Dubai shopping festival. Another option is staying in a major hotel, since majority of these major hotels sponsor their visitors. If a visitor is willing to stay in the hotel for a little longer, then the hotel will organize on how a visa will be issued.

In case you are intending to spend more time in Dubai or the UAE, then you might be forced to apply for a Dubai Residence Visa. The lasting period for the residence visa is valid for 3 years, and is renewed when the time expires. Alternatively, you can apply for a residence visa directly if you own a property in Dubai or the UAE. On the brighter side, Dubai/UAE visas are easier to get, more so, if the documentation of an individual is in the right order. Therefore, if you are planning on visiting Dubai/UAE, it is wise to confirm with what the authorities require, then you can choose which way is best for you to obtain the visit visa.

Are you Looking Residence Visa & Investor Visa Dubai? C and F Global FZE Provide UAE Business Setup Companies, Corporate Bank Account Opening & Corporate Services Provider Dubai UAE

Article Source - https://candfglobal.medium.com/dubai-residence-visa-investor-visa-ca99a67b8fe8

[banqmart]

List of Banks in the United Arab Emirates - Top Banks in Dubai

The UAE Central Bank is the primary financial regulatory authority in the country. There are 22 local and 30 foreign banks in the UAE. Larger banks dominate the country’s banking industry open new bank account, with the five biggest banks accounting for about 60% of the sector’s assets.

Islamic banking includes eight full-fledged Islamic banks and 23 Islamic windows set up by conventional banks in the UAE, collectively accounting for 19% of the total banking sector assets.

There are four types of banks in the UAE:

Commercial banks

Industrial banks

Merchant banks

Islamic banks

According to Moody’s, the UAE banking system is stable due to the expectation that Abu Dhabi’s fiscal strength will remain resilient to downside risks to the oil market posed by global pandemic developments and management, given the vast size of Abu Dhabi’s financial buffers and the government’s track record at adjusting to worse-than-earlier expected environments.

For anyone considering a career in banking in the UAE, this list of top banks in the UAE is a helpful guide on where to start. To learn more, see our lists of financial institutions.

The Top Banks in UAE are:

First Abu Dhabi Bank (FAB)

First Abu Dhabi Bank (FAB) is the largest banking group by assets in the UAE. It is headquartered in Dubai and employs 5,451 staff. Together with its subsidiaries, FAB provides various banking products and services in the United Arab Emirates, Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

The company operates through Corporate and Investment Banking and Personal Banking Group segments. FAB acquired First Gulf Bank in December 2016.

Net income: AED 10.56 billion (2020)

Total assets: AED 940.75 billion (3/2021)

Emirates NBD

Emirates NBD is the second-largest banking group by assets in the UAE. It is headquartered in Dubai and employs 9,000 staff. The bank currently manages 915 branches and 4,029 ATMs and SDMs in UAE and overseas. It operates through different business segments: Retail Banking and Wealth Management, Wholesale Banking, Islamic Banking (IB), International, and Information Technology and Operations.

Net income: AED 6.96 billion (2020)

Total assets: AED 695.06 billion (3/2021)

Abu Dhabi Commercial Bank

Founded in 1985, Abu Dhabi Commercial Bank provides retail, commercial, Islamic banking, and other financial services. The bank operates through the following business segments: Consumer Banking, Wholesale Banking, Investments and Treasury Banking, and Property Management.

The bank employs 5,000 staff and is headquartered in Abu Dhabi. It serves customers through a network of 72 branches and approximately 450 ATMs in the United Arab Emirates. It merged with Union National Bank in 2019.

Net income: AED 3.81 billion (2020)

Total assets: AED 395.82 billion (3/2021)

First Gulf Bank

First Gulf Bank was established in 1979 and is headquartered in Abu Dhabi. The bank‘s business segments include Wholesale Banking Group, Treasury and Global Markets, Consumer Banking, Real Estate, and Other Operations. It employs around 1,400 individuals and is present in 19 countries, including Kuwait, China, the UK, France, Malaysia, Bahrain, Sudan, Hong Kong, Switzerland, Lebanon, Labuan, Oman, Egypt, USA, Jordan, Brazil, and India.

In 2016, the bank’s total assets amounted to US$66 billion and net profit reached US$1.65 billion.

Dubai Islamic Bank

Dubai Islamic Bank came into existence in 1975 and is headquartered in Dubai. The bank operates through its Consumer Banking, Corporate Banking, Real Estate Development, Treasury, and Other business segments. It serves around two million customers and maintains 66 branches across the UAE.

Net income: AED 3.29 billion (2020)

Total assets: AED 291.71 billion (3/2021)

Mashreq Bank

Headquartered in Dubai, Mashreq Bank was founded in 1967, making it one of the oldest banks in the UAE. The bank is a joint-stock company and is an associated company of the HSBC Group. It provides retail banking, commercial banking, investment banking, Islamic banking, brokerage services, and asset management services.

The bank operates around 45 domestic branches and 20 international branches and is present in Egypt, Qatar, Kuwait, and Bahrain. It currently employs around 4,000 staff.

[sassysuitdonut]

The UAE to leverage immediate payments

UAE is gearing up for Immediate Payments as per the latest initiatives of the Central Bank!

The Central Bank has introduced Immediate Payment Instruction (IPI), which will enable domestic fund transfers in the UAE to be settled in real-time. With many national banks already living with IPI systems and many others in the development phase, immediate payments will be the easiest & fastest way for wire transfers.

Instant, on-the-go services have become part of their daily lives life for consumers around the globe. It is now possible to perform a whole host of activities, from booking a cab to ordering a meal, anywhere and at any time with just a few clicks. The financial services sector had struggled hard to keep up with this trend, specifically in the area of payments, but is getting drastically changed.

Real-time /immediate payments – 24/7/365 electronic payments that are cleared by banks immediately or within minutes are gaining traction globally. With real-time payments, the beneficiary’s account is credited immediately and the payer is instantly notified about the status. These developments have opened up exciting new value-creation opportunities for banks and financial institutions.

Instant payments in less than 3 minutes!

Once all banks in the UAE go live with Immediate Payments Instruction (IPI), customers can initiate domestic fund transfers within UAE in less than 3 minutes for any amount within the limit of AED 10,000, further ensuring that credit hits the beneficiary’s account at the same time.

By leveraging instant, data-rich payments, banks can offer new services to retail or corporate customers, which will help them save a significant amount of money compared to traditional fund transfers while providing the flexibility and convenience for instant payments enhancing the customer experience.

Unity Infotech is proud to have become the trusted partner for 24 prestigious financial institutions in the UAE to launch Immediate Payment Instruction (IPI) utilizing Central Bank’s infrastructure. Apart from the IPI system, we provide an array of payment solutions in the Middle East.  Connect with the best Payment Hub Platform Provider In UAE, Qatar, KSA, Oman, Bahrain to know more.

[bigyack-com]

In December, here is what the government did - india news

At the end of each month, Hindustan Times will bring to its readers an update of the key decisions in government, their significance, and what lies ahead for the ministries concerned.Here is a snapshot of all that happened in December, in the first instalment of the series:Ministry of FinanceThe big decision: The finance ministry focused on the implementation of the 32 measures it took to stimulate the economy since August 2019 and engaged with various sectors to address issues faced by them. Two most important focus areas have been measures to boost investment and consumption.Significance: The ministry is seeking to help industry by resolving regulatory bottlenecks so that the September 20 decision of reducing Corporate Tax rates, which was aimed at attracting investments, can be effective.On the consumption front, the public sector banks’ (PSBs) customer outreach saw investors and retail consumers borrowing a whopping Rs 4,91,834 crore in just two months. In order to incentivise bank officials, the government on December 28 announced a mechanism to protect banks’ executives for their genuine commercial decision.What next: The Budget is expected to be presented in Parliament on February 1, 2020, amidst concerns of economic slowdown. The Budget is expected to boost consumption by giving more money in the hands of people through relaxations in personal taxation and by enhancing amount of the direct transfer of benefits in the bank accounts of the poor, particularly in the rural areas. It is also expected to bring more regulatory reforms for ease of doing business to boost investments.Ministry of External Affairs (MEA)The big decision: India and Iran have agreed on measures to boost the economic viability of Chabahar port after achieving the political objectives behind developing the facility on the Gulf of Oman, including a route to access Afghanistan while bypassing Pakistan.Significance: India will offer incentives such as higher subsidies to attract more merchant shipping to Chabahar. The waiver offered by the US for the port will help India push the acquisition of equipment such as cranes to improve the efficiency of Chabahar.What next: The MEA will have to focus on improving ties with Bangladesh, which have been hit in recent months by the controversial National Register of Citizens (NRC) and Citizenship (Amendment) Act and remarks by top BJP leaders about deporting infiltrators.Ministry of DefenceThe big decision: The government cleared the appointment of India’s first Chief of Defence Staff (CDS) who will be a four-star General and head the new department of military affairs in the defence ministry, four months after Prime Minister Narendra Modi announced in his Independence Day speech the creation of the post for more effective coordination between the three armed forces.Significance: The appointment of the CDS - pending for almost two decades after the Kargil Review Committee recommended it - is a major reform in India’s higher defence management. While the CDS would act as the principal military adviser to the defence minister on all tri-services matters, the three service chiefs would continue to advise the minister on matters exclusively concerning their respective services.What next: The new department, under the CDS, will focus on promoting jointness in procurement, training and staffing for the three services through joint planning and integration of their requirements. It will also facilitate the restructuring of military commands for optimal utilisation of resources by bringing about jointness in operations, including through establishment of joint/theatre commands.Ministry of Home AffairsThe big decision: The ministry shepherded the passage of the Citizenship (Amendment) Act in Parliament, which provides for expedited citizenship to religious minorities from three neighbouring countries. The government subsequently announced the decision to update the National Population Register (NPR), which is a list of ‘usual residents’ of the country, from April till September, 2020. The Cabinet also approved Rs 3,941 crore for the exercise. Subsequently, Rs 8,754 crore was earmarked for Census 2021.Significance: The CAA has provoked widespread protests across the country. In the case of NPR, demographic details of every individual are required for every resident on 21 points including date and place of birth of parents, last place of residence, Permanent Account Number (PAN), Aadhaar (on a voluntary basis), voter ID card number, driving license number and mobile number. In the last NPR done in 2010, the data was collected on the 15 points. It didn’t include ‘date and place of birth of parents’ and last place of residence. NPR is different from National Register of Citizens (NRC), which excludes the foreigners. Opposition parties have said that NPR is the first step towards the NRC while the government has claimed they are not linked.What next: A big challenge lies ahead for the ministry of home affairs in January as the anti-CAA protests refuse to die down and paramilitary forces deployed for law and order duties are overburdened since General elections, nullification of article 370 in Kashmir, elections in several states and recent violence.Ministry of AgricultureThe big decision: The ministry decided to create a database of all farmers in the country, based on Aadhaar, for a unified and integrated IT-based repository, containing multiple information about a farm household, from financial details to landholdings. Aadhaar-based data generated from key farm-sector programmes such as PM-KISAN and soil health cards will be used.Significance: Farm subsidies worth thousands of crores - including cheap insurance, fertilisers, credit and cash transfers - still suffer from leakages because very little information about individual farmers is centrally available at the federal level. The database will help direct subsidies better.What next: Streamlining of major subsidies, both in cash and in-kind handouts like fertilizer to ensure efficient targeting and last-mile delivery.Ministry of Human Resource DevelopmentBig decision: The go-ahead given by higher education sector regulator University Grants Commission to the concept of on demand examinations is a major step in the direction of evaluation reforms.Significance: For long, examinations in Indian education system evoke images of nervous youngsters memorising stuff by rote for year end tests which will decide their academic progress. A committee set up under eminent educationist M M Salunkhe surveyed all areas related to evaluation and suggested a number of steps to bring the process to match the needs of the present times. The most prominent of these being exams which would be taken as and when the student is ready. The UGC guidelines on evaluation reforms which were based on the Salunkhe report were released by Union Human Resource Development (HRD) minister Ramesh Pokhriyal Nishank earlier this month.What next: The guidelines suggest the setting up of a national board that will conduct these exams. However, considering the scale at which college and university exams are held in India, it’s a long road ahead before the required infrastructure is in place. The guidelines say that initially the board can start conducting exams for popular degree programs especially for open distance mode. Ministry of road transport and highways The big decision: In a move aimed to reduce bottlenecks at national highways, the Centre mandated that all lanes of national highways toll plazas to be declared as “FASTag lanes” by December 15, 2019. The Centre’s earlier deadline mandating FASTags by December 1 had been postponed to December 15 to provide some more time to citizens to buy and put FASTag on their vehicles.Significance: FASTags are aimed at reducing bottlenecks at highways. The move aims to reduce wait time at toll plazas and enhance digital payment through NHAI’s electronic toll collection.What next: The ministry had mandated all lanes but one to remain open for cash collection. In it’s order dated December 14, it relaxed the norms to allow cash payment for at least 25% of the total lanes. Following the initial roll out phase, it will mandate only FASTags across all lanes.Ministry of railwaysThe big decision: In a major move to reform the 150-year-old railway board of the Indian Railways, the union Cabinet on Tuesday approved to restructure the apex body of the Indian Railways by trimming its strength to half, and unifying its eight railways services into a central service called the Indian Railway Management Service.Significance: The reforms are aimed at ending departmentalisation of the mammoth organization that employees nearly 1.3 million people, second only to the strength of the Armed Forces. Unlike railway systems the world over, which have been corporatised, the Indian Railways is managed by the government directly. It is organised into various departments such as traffic, civil, mechanical, electrical, signal & telecom, stores, personnel, and accounts among others. Unification of services is aimed at ending this ‘departmentalism’, promote smooth working of Railways, expedite decision making, create a coherent vision for organisation and promote rational decision making.What next: The India Railways has an ambitious programme to modernise and provide higher safety standards of safety, speed and services to the passengers with a proposed investment of Rs 50 lakh crore over the next 12 years. This requires speed and scale, and a unified, agile organisation to work single-mindedly on this task and capable of responding to challenges. Read the full article

[mydistanceeducation-blog]

MBA in Finance Management Part Time Course Fee {2019-20}

Courses Information: MBA from distance education, Oman, Kuwait, Qatar, UAE, Course Duration two-year post-advanced education in Finance Management. Monetary Management is a multidisciplinary field including cash hypothesis, the methods for the board, the apparatuses of number juggling and furthermore the pursue of programming. This course serves understudies looking for far reaching the executives data of subsidiaries rating, quality administration, showcase style and hazard the executives.

Monetary administration notices to the productive and powerful administration of cash in such a mean as to achieve the destinations of the association. It is the specific capacity straight connected with the top administration. The importance of this capacity isn't found in the 'Line' yet in addition in the size of 'Staff' in the by and large of an organization. MBA in Finance Management course is engaged with the corporate money, planning, universal fund, costing and working capital administration. These subjects make the understudies to work with any money related association.

MBA in Finance Management correspondence program outfits you with establishment data in money related thoughts. This data at that point turns into a springboard to particular fields any place you'll have the option to apply thoughts to everything from subordinates and secularization to recursive corporate greed and information preparing.

MBA in Finance Management correspondence Duration: Time length of this degree is two years.

MBA in Finance Management correspondence Eligibility: Master of Business Administration in Finance Management can be picked up by any individual who has passed their Bachelors Degree from a rumored college or school.

MBA in Finance Management correspondence Fees: We referenced here just surmised charges for Master of Business Administration in Finance Management. It could be changed by college Guideline.

Presentation Finance is one in everything about most requested specialization of graduate degree. A goliath network of understudies is drawing in with this specialization.It is one in everything about most established controls of the executives courses. In the remainder of the nineteenth century, it totally was the point of financial aspects. By the start of the twentieth century, it got the association of an individual subject for study.When we identified the term 'fund', we thought of the banking. In any case, no, basically just banking isn't the for fund

M.B.A. Money related Management Course Suitability

They ought to have a phenomenal establishing in money related examination, inventive reasoning and ought to have great informative and relational ability.

The course is reasonable for the individuals who need a top to bottom comprehension of the numerical hypothesis hidden the monetary models being utilized and created at Wall Street ought to take part in this track.

Vocation

MBA Finance can work in banking and non-banking segments. You can work anyplace in the business world. Each industry has a requirement for a money related master for keeping up the parity of capital. The understudies, who have done the MBA in fund, have a great deal of employment changes in government and the private area.

MBA in Finance Management Correspondence Documents: Students are additionally required to send or email the checked archive duplicates of their initial scholastics which incorporates –

Graduation Mark Sheet and degree

twelfth Mark Sheet and Certificate

tenth Mark Sheet and Certificate

Photograph Identity Proof

Top 10 Finance Company in India

Aditya Birla Finance Ltd

PNB Hosing Finance Ltd

Bajaj Capital Ltd

L and T Finance Holdings Ltd

LIC Housing Finance Ltd

DSP Merrill Lynch Ltd

Lodging Development Finance Corporation Ltd

Indiabulls Housing Finance Ltd

SBI Capital Markets Ltd

MBA in Finance Management correspondence Job Type

Treasurer

Advisors

Hazard Manager

Money Officer

Protection Manager

Money Controller

Chief of Finance

CFO

Credit and Cash Manager

National and International Marketing

Publicizing, Market Research

Fare and Import (more)

Preparing and Development

MBA in Finance Management Employment Area

LIC

MNCs

Instructive Institutions

Bank and Financing

Financial exchanges

Retail Sector

Fare and Import

3 Good purpose behind completing a MBA

1. More significant compensation: The normal compensation aptitude for a correspondence courses is altogether over that of A specialist with an ordinary ace capability.

2. Better profession openings: This favorable position of a Master in Business Administration degree goes connected at the hip with the essential one and it's extremely the explanation behind the first. Alumni of a Master in Business Administration program have, on account of their capability, higher potential outcomes of getting and holding an abnormal state the executives position.

3. An all encompassing point of view on the business world: If you're the sort of individual that can deal with the test of holding an initiative position, of getting heaps of duty and of being in a steady learning and advancement cycle, at that point you're no doubt a decent contender for a Master of Business Administration.

MBA in Finance Management correspondence Opportunities For Networking

You'll be accepting educational cost from some extraordinary business minds. Some are a piece of your workforce and others extraordinarily welcome to share their abundance of skill and learning with you. Your coaches and visitor speakers are probably going to be key characters in their field and will carry with them a system of contacts for you to use. In the event that you utilize this opportunity all things considered, you'll increase some type of venture up inside your picked field.

Individual understudies will incredibly broaden your expert system; some of the understudies on your MBA course are fruitful sometime down the road, and the field of work that their prosperity lies in can fluctuate from individual to individual. Shaping proficient and individual bonds with these individuals could demonstrate important in your future.

MBA in Finance Management correspondence Curriculum

Most Masters of Science in Finance degree projects spend significant time in fund and furthermore the budgetary markets, underscoring value assessment, numerical money, and speculation the board. Projects granting graduate degrees in money likewise will in general underscore monetary hypothesis and quantitative routes in budgetary administration. Understudies in these projects by and large partake in connected investigation and demonstrating and figure out how to shape great cash decisions for firms, foundations, and individuals.

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List of Banks in the United Arab Emirates - Top Banks in Dubai

The UAE Central Bank is the primary financial regulatory authority in the country. There are 22 local and 30 foreign banks in the UAE. Larger banks dominate the country’s banking industry open new bank account, with the five biggest banks accounting for about 60% of the sector’s assets.

Islamic banking includes eight full-fledged Islamic banks and 23 Islamic windows set up by conventional banks in the UAE, collectively accounting for 19% of the total banking sector assets.

There are four types of banks in the UAE:

Commercial banks

Industrial banks

Merchant banks

Islamic banks

According to Moody’s, the UAE banking system is stable due to the expectation that Abu Dhabi’s fiscal strength will remain resilient to downside risks to the oil market posed by global pandemic developments and management, given the vast size of Abu Dhabi’s financial buffers and the government’s track record at adjusting to worse-than-earlier expected environments.

For anyone considering a career in banking in the UAE, this list of top banks in the UAE is a helpful guide on where to start. To learn more, see our lists of financial institutions.

The Top Banks in UAE are:

First Abu Dhabi Bank (FAB)

First Abu Dhabi Bank (FAB) is the largest banking group by assets in the UAE. It is headquartered in Dubai and employs 5,451 staff. Together with its subsidiaries, FAB provides various banking products and services in the United Arab Emirates, Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

The company operates through Corporate and Investment Banking and Personal Banking Group segments. FAB acquired First Gulf Bank in December 2016.

Net income: AED 10.56 billion (2020)

Total assets: AED 940.75 billion (3/2021)

Emirates NBD

Emirates NBD is the second-largest banking group by assets in the UAE. It is headquartered in Dubai and employs 9,000 staff. The bank currently manages 915 branches and 4,029 ATMs and SDMs in UAE and overseas. It operates through different business segments: Retail Banking and Wealth Management, Wholesale Banking, Islamic Banking (IB), International, and Information Technology and Operations.

Net income: AED 6.96 billion (2020)

Total assets: AED 695.06 billion (3/2021)

Abu Dhabi Commercial Bank

Founded in 1985, Abu Dhabi Commercial Bank provides retail, commercial, Islamic banking, and other financial services. The bank operates through the following business segments: Consumer Banking, Wholesale Banking, Investments and Treasury Banking, and Property Management.

The bank employs 5,000 staff and is headquartered in Abu Dhabi. It serves customers through a network of 72 branches and approximately 450 ATMs in the United Arab Emirates. It merged with Union National Bank in 2019.

Net income: AED 3.81 billion (2020)

Total assets: AED 395.82 billion (3/2021)

First Gulf Bank

First Gulf Bank was established in 1979 and is headquartered in Abu Dhabi. The bank‘s business segments include Wholesale Banking Group, Treasury and Global Markets, Consumer Banking, Real Estate, and Other Operations. It employs around 1,400 individuals and is present in 19 countries, including Kuwait, China, the UK, France, Malaysia, Bahrain, Sudan, Hong Kong, Switzerland, Lebanon, Labuan, Oman, Egypt, USA, Jordan, Brazil, and India.

In 2016, the bank’s total assets amounted to US$66 billion and net profit reached US$1.65 billion.

Dubai Islamic Bank

Dubai Islamic Bank came into existence in 1975 and is headquartered in Dubai. The bank operates through its Consumer Banking, Corporate Banking, Real Estate Development, Treasury, and Other business segments. It serves around two million customers and maintains 66 branches across the UAE.

Net income: AED 3.29 billion (2020)

Total assets: AED 291.71 billion (3/2021)

Mashreq Bank

Headquartered in Dubai, Mashreq Bank was founded in 1967, making it one of the oldest banks in the UAE. The bank is a joint-stock company and is an associated company of the HSBC Group. It provides retail banking, commercial banking, investment banking, Islamic banking, brokerage services, and asset management services.

The bank operates around 45 domestic branches and 20 international branches and is present in Egypt, Qatar, Kuwait, and Bahrain. It currently employs around 4,000 staff.

[businessliveme]

OAB launches New Digital Platform for Donations through its Mobile App

In line with its efforts to enhance its digital offerings and on the occasion of the Holy Month of Ramadan, Oman Arab Bank has launched a special platform dedicated to providing donations through the OAB app. Customers who wish to donate can select their preferred association and the amount, and donate through their mobile phones.

Commenting on the importance of launching the new digital platform, Hilal Al Siyabi, Head of Corporate Communications at Oman Arab Bank, said, “We have decided to launch this initiative to offer our customers an opportunity to donate money utilising a quick and easy solution. We host several charitable associations on this platform and all that our customers have to do is select the relevant association they want to support and the process will be completed in a few seconds.”

“We currently have a number associations and civil society organisations from various fields, including Dar Al Atta’a, Al Noor Association for the Blind, Association of Early Intervention for Children with Disability, Environment Society of Oman, Takaful Social Account (related to the Ministry of Social Development) and the COVID-19 account from the Ministry of Health. Attendance is open to all organisations working in the social sector and we are in contact with most of them, so as to provide them with an opportunity to be a part of this advanced platform,” Hilal added.

The post OAB launches New Digital Platform for Donations through its Mobile App appeared first on Businessliveme.com.

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Recruitment in Al Futtaim Group Sales Assistant | Homeworks | Cairo Festival City (Cairo, EG)

About Al-Futtaim Private Company LLC

  No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

  As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

  About Al-Futtaim IKEA

  GROWING TOGETHER...

  We are a values-driven company with a passion for life at home. Our vision is to create a better everyday life for the many people.

  Al-Futtaim IKEA holds the franchise rights for IKEA in Egypt, Oman, Qatar and the United Arab Emirates.

  About the Position

Role Purpose

To provide a high level of customer service through excellent knowledge of product and procedures, to rotate through depts as required and assist in all store related tasks. To Effectively work in a team to achieve the monthly and consequentially the yearly budget.  

Key Accountabilities

 To provide a high level of customer service at all times both internal and external, by being aware of the product categories and being able to assist and advise customers in a professional manner

 As and when required, to operate the point of sales system.  To be aware of the procedures required for cash operation and to maintain a high level of accuracy in all transactions.

 To comply with in store procedure with regard to pricing and ticketing to ensure that customers are aware of product prices and to protect the company against any loss related to incorrect pricing.

 After adequate training to apply the “Homeworks Merchandising Principles” at all times ensuring a corporate imagine is achieved and that Homeworks  has the best possible looking stores in its product category. To be responsible for maintaining a clean and tidy store by initiating a cleaning programme for your assigned dept.

 To actively participate in other events to drive sales and improve the operations of the business(inc  : Store Stock take, new store openings, promotional activities etc)

  About You

Education: form of tertiary education

Minimum Experience and Knowledge:  1-2  years’ experience in Retail or customer service industry 

A few more things for you

  Interest? Then please join us for a rewarding career journey!

  We are here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

  Before you click, “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

  As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

  Apply now

[nccountants007-blog]

LLC Company Formation in Dubai,UAE,Abu dhabi

Reasons To Start Your Own Business In The UAE

Why Choose Dubai As An Investment Location?

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies. Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities .

Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features ,extensive credit facilities and ample liquidity. The Emirate’s emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises. All of these factors reflect positively in Dubai’s being assigned an investment grade rating for fixed income investment by Moody’s Investors Service.

Large, available workforce

One of the biggest struggles when starting up any new enterprise is finding the right people to work with. Dubai wins again. Its liberal and cost-effective labour laws, along with its desirable working location, make it both easy and – perhaps most importantly – rather affordable, to recruit employees from almost anywhere in the world. The ease at which expatriate workers – who make up a staggering 90% of the city’s labour force – can enter and exit the UAE also makes it easier for businesses .

Ease of starting your own business

New markets, new consumers, the rise of Internet technology – Dubai is a land of booming opportunities.

A recent survey by HSBC revealed that Dubai is ranked second-best city in the world after Singapore for expats looking to start a business. The survey highlights that the UAE’s entrepreneurial environment, job prospects and better salaries as primary factors attracting expats from across the world.

“Despite the volatility in the global economy and insecurity in job markets, the UAE’s diverse business landscape and its position as a hub in the Middle East means that it continues to be an attractive destination for expats from across the world,” .

No Taxation.

The UAE’s economy in general is considered to be the most liberal and most diversified in the region. Dubai applies NO TAXATION policy for almost all types of business activities with exception of branches of international banks, hotels and major oil and gas companies. The following taxes are NOT applied in Dubai:

Personal income tax;

Capital gains tax;

Value-added tax;

Withholding tax;

Corporate tax.

Dubai Free Zones.

Free Zone is a designated tax-free area, where foreigners can set up and do business in Dubai with full ownership and without partnering with a local emirati partner or agent. All Free Zones vary from one to another and offer licenses in various sectors. For example, there is a Free Zone for healthcare providers (Dubai Healthcare City or DHCC); there is a Free Zone for educational and training institutions (Dubai Knowledge Village); there is a Free Zone for media companies (Dubai Media City), there is a Free Zone for financial institutions and services providers (Dubai International Financial Center or DIFC) and many others. There are more than 20 Free Zones currently operating in Dubai itself.

Residency Visa.  

If you have a company in Dubai and in other Emirates of the UAE in general, you will be eligible to get a UAE Residency Visa for yourself, your family members and for your expatriate employees. Having a UAE Residency Visa will give many benefits such as:

you can open a current account in UAE Banks

you can lease an apartment for long-term basis

you can enter/exit to/from UAE multiple times

you can get visas for other countries  more easily as a resident in the UAE.

Logistics and Infrastructure

Dubai enjoys the position of a significant player in international trading and transport logistics. It has the advantage of its inherent strategic location on the globe. Dubai is in the middle of far east and Europe and situated at the crossroad of international trade between east and west. Due to its geographical location, Dubai is considered to be the gateway to the world’s most progressive markets, including Africa, India and china.

Air

Dubai offers immense facilities in air transportation and air cargo. Dubai has two airports Dubai international airport and Dubai World Central (Al Maktoum International Airport). Dubai international airport is one of the busiest international airports in the world. It has world’s largest cargo hub known as cargo village, most of the cargos for Asia & Africa are using this cargo village. Dubai world central is operational but it is still in developing phase. DWC is located in Dubai south district which is also future home for expo 2020 site. Once completed and start operation in full capacity it will become world’s largest airport and multi-model logistic hub with the capacity of 160 million passengers and 12 million tons of cargo per year. DWC is an integrated project of six clustered zones Dubai logistic city, commercial city, residential city, aviation city and the golf city. Dubai logistics city is one of the largest industrial submarkets under construction. According to the latest research from cluttons, international real estate consultancy it has already attracted a number of high-profile players including integrated national logistics, emirates, sky cargo, Aramex etc. DWC has one more speciality. It has world’s only 7- star airport terminal for private aviation.

Sea

Dubai’s Jebel Ali port is the largest port in the middle east, it is likely to become the biggest container port in the world. The government of Dubai and DP world are working on the expansion plan of Jebel Ali port. According to the official statement, the current plan will multiply the total capacity of Jebel Ali port by seven, making it world’s biggest port, surpassing the ports of shanghai and Singapore. India and china are using it as a logistical hub for their African ventures. Due to its strategic location port is providing market access over 2 billion people across six continents. It is a gateway for over 90 shipping services connecting 140 ports in the world. The strategic geographical location and facilities made it the busiest port in the middle east, according to a research report revealed by arabiansupplychain.com based on statics of 2015. Port Jebel Ali is linked to Dubai’s express-way system and to the Dubai international airport cargo village. The rapid transportation facilities available in Dubai made it possible to achieve ship-air and air-ship connectivity in four hours. Dubai has two more ports Port Rashid and Al hamriya.

Land

Dubai has one of the best road infrastructures in the world. According to world economic forum’s travel and tourism report (2013), the UAE has been rated second best in the quality of roads. Dubai is known for wide roads with disciplined traffic and centralised monitoring system by high-tech cameras and radar. The Dubai metro is world’s largest automated driverless train system, with more than 70 Km of magnetic tracks. The government is working on an extension of the metro route and connecting metro to expo 2020 site. Soon Dubai will enjoy connectivity with 1200 km long Etihad railway network. This network will connect all major population, trade and industrial zones across UAE. This will fulfill freight & passenger needs. Dubai will be connected with GCC rail network also. GCC railway is 2,117 km long rail network this will connect all six countries of gulf corporation counsel. Transportation of goods will become easy for UAE, Saudi Arab, Kuwait, Qatar, Bahrain, Oman. The Dubai government is developing 500 Km road network and 120 multilevel interchanges by investing $ 12 billion. The development work is expected to complete before expo 2020.

Local culture and heritage Although Arabic is official language; English is the most widely spoken language in business rooms.  The company is hospitable and is ranked safe place to work. You get a chance to enjoy the delectable local cuisine and Arabic culture in forms of art, music and architecture.

Before we conclude, we‘ll do a bonus section on major UAE cities which you can eye for a business setup.

Dubai: It is the most cosmopolitan city in all of UAE, tourists from all over the world visit Dubai for its shopping experience.

Abu Dhabi: Home to the richest, it is also the most planned and organized business center in UAE,

Sharjah: Sharjah airport international freezone is a premier freezone which attracts foreign investors.

Jebel Ali: It is a free zone on the western side of Dubai. Ready made facilities like business parks, office spaces are available for the customers.

Fujairah: The Fujairah freezone is an upcoming one and is attracting shipping and transport companies from all over the world.

So, are you excited to start up your own venture in the UAE?  If yes, then prep up your business idea and get in touch with international business consultant in UAE ,Namaccountants -who have guided thousands of business owners for successful business setup in this region.

With Namaccountant team’s international business men and local Middle Eastern exposure, you can rest assured that your business setup is taken care of.

Have more questions on how to go about?

Write to us at  Info@namaccountants.com